Global Update: San Francisco Top Market for Projected Price Growth

News from luxury home markets around the world

A new forecast from industry analyst Veros predicts a 10.5% growth in property prices for San Francisco over the next 12 months, making the city the top projected U.S. market for real estate price growth. [OPP.Today]

Chinese developers Fuxing Huiyu Real Estate, Beijing Capital Development Holdings and China Poly all saw their shares tumble this week on the Shenzhen or Shanghai Stock Exchanges, raising concerns about their current projects in Australia. [The Australian Financial Review]

A new report from Sotheby’s International Realty finds that C$3.5 million is the starting point for luxury homes in Vancouver. Thus far in 2015, 219 properties with this price tag or higher have sold in the city, up 71% from the same time period last year. [CBC News]